Advantage increases turnover by 185%

Advantage Mortgage Services says turnover has increased by 185% with over £60m of sub-prime and niche mortgages now processed every month.

The North-West based mortgage packager and branded lender, says the increase follows a number of packaging alliances over the last 12 months, with applications now up by 180% in its last financial year.

In addition, the company has had to double its office space for the second time in 12 months and now employs more than 120 staff. It says it is on target to process more than £1bn in 2004.

Keith Dearling, co-founder and director, says: “Advantage decided a long time ago to focus on quality and delivering the best possible service to all our customers.

“It is a tribute to the company&#39s staff that it has managed to maintain service levels through this period of rapid growth.”